PPPs 'key to Nigerian infrastructure goals'

5 November 2009

The Infrastructure Concession Regulatory Commission could be poised to push important projects through by facilitating private-public partnerships (PPP), it has been suggested.

Chairman Ernest Shonekan recently called attention to the importance of the sector's collaboration in a meeting with banking representatives at the recent Transport Summit, Nigeria's Vanguard reported.

He urged the investors to be "more innovative" and to make infrastructure projects a matter of priority - because their credit could be what allows the country to realise its 2020 goals.

Those present at the meeting heard a paper called Conceptualisation of the PPP Strategy during Transport Sector Reform presented by Skye Bank.

Among key points highlighted in the report was communication with stakeholders, the sharing of responsibilities between the public and private partners and the identification of quality cash flow and dedicated income streams.

The Vision 2020 campaign was often mentioned at the reunion as infrastructure is considered to be an integral part of the project to propel Nigeria into a position among the 20 biggest global economies in the next decade.

Category: General